This property looks like a bad Long-Term investment with a projected -18.43% first-year return on $99,750 initial cash invested.
-18.43%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,498
Rent
-$1,532
Cashflow
Cash Flow
$2,498 income − $4,030 expenses = $1,532 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,750
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,498
Total Expenses
$4,030
Mortgage P&I
103%
$2,581
Property Taxes
25%
$633
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0